Sprint Corp (NYSE:S) has launched a new cellphone plan with Best Buy that offers customers unlimited talk, text and data. The plan is all-inclusive and includes the hottest phones offered by Sprint. The exclusive agreement makes the plan available only thought Best Buy. It is believed to be the first of this type in its industry and offers the total package to Best Buy’s customers for one low price. The deal is an effort to offer Sprint and Best Buy customers a simplified means to acquire a smart phone at a discounted rate. The plan has been named the Best Buy One Plan.
Well Qualified Customers
For well qualified customers, they have the opportunity to leave the stores with a complete package that includes a new smart phone at a discounted single rate with no money down. Options include leasing a 16GB iPhone 6 that offers unlimited talk, text and data for only $65 a month. The contract is for two years. For Android users there is a leasing plan that offers the Samsung Galaxy5 or LG G3 that also includes unlimited talk, text and data from the Sprint network. Other devices will be offered through the plan although pricing may vary on those choices. If customers want a shorter contract they can opt for a 12-month plan for $10 more.
Free Gift Cards
New customers will also get a free $200 Best Buy gift card if they sign up before March 23. When compared to other carrier’s plans, the Sprint Corp (NYSE:S) offer saves potential sign-ups over $1300 per year. The package is hailed as the cheapest way to get the latest cell phones along with unlimited talk, text and data. The wireless carrier market continues to be very competitive which is great for customers but could end up adversely affecting companies’ future earnings as data plan offers continue to give more for less.
The stock has made a move to break out from its current level but needs a close above $5.25 in order to do so.